Veilinghuis Melase: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Veilinghuis Melase
Largest movements
- Deferred charges and accrued income -€136,945
down €136,945 (-54.5%), from €251,426 to €114,481
- Cash +€43,063
up €43,063 (+59.0%), from €72,990 to €116,053
mainly Deferred charges and accrued income (+€136,945) and Advances received (+€115,829)
- Tangible fixed assets +€40,447
up €40,447 (+49.8%), from €81,251 to €121,698
of which Furniture and vehicles: +€26,030
- Receivables within one year +€38,145
up €38,145 (+15.3%), from €249,599 to €287,744
of which Trade receivables: +€137,728
- Advances received +€115,829
new in 2025: €115,829
- Trade debts -€107,624
down €107,624 (-30.5%), from €352,509 to €244,885
- Accrued charges and deferred income -€31,367
down €31,367 (-35.7%), from €87,873 to €56,505
- Reserves +€30,289
up €30,289 (+27.3%), from €110,925 to €141,214
of which Distributable reserves: +€30,289
- Tax, wage and social debts -€11,179
down €11,179 (-31.4%), from €35,570 to €24,390
of which Taxes: -€13,642
- Gross operating margin -€16,927
down €16,927 (-12.4%), from €135,969 to €119,042
- Depreciation +€15,064
up €15,064 (+123%), from €12,255 to €27,319
- Write-downs -€8,255
down €8,255 (-100%), from €8,255 to €0
- Financial charges -€6,156
down €6,156 (-62.5%), from €9,847 to €3,692
- Taxes -€5,424
down €5,424 (-34.9%), from €15,529 to €10,105
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €655,514 | €640,224 | -€15,290 | -2.3% |
| Fixed assets | 21/28 | €81,499 | €121,946 | +€40,447 | +49.6% |
| Tangible fixed assets | 22/27 | €81,251 | €121,698 | +€40,447 | +49.8% |
| Land and buildings | 22 | - | €15,936 | +€15,936 | |
| Plant, machinery and equipment | 23 | €6,317 | €4,799 | -€1,519 | -24.0% |
| Furniture and vehicles | 24 | €74,934 | €100,964 | +€26,030 | +34.7% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €574,015 | €518,278 | -€55,737 | -9.7% |
| Amounts receivable within one year | 40/41 | €249,599 | €287,744 | +€38,145 | +15.3% |
| Trade receivables | 40 | €60,105 | €197,833 | +€137,728 | +229% |
| Other amounts receivable | 41 | €189,494 | €89,911 | -€99,583 | -52.6% |
| Cash at bank and in hand | 54/58 | €72,990 | €116,053 | +€43,063 | +59.0% |
| Deferred charges and accrued income | 490/1 | €251,426 | €114,481 | -€136,945 | -54.5% |
| Total equity and liabilities | 10/49 | €655,514 | €640,224 | -€15,290 | -2.3% |
| Equity | 10/15 | €151,827 | €182,116 | +€30,289 | +19.9% |
| Contributions | 10/11 | €40,902 | €40,902 | = | 0.0% |
| Reserves | 13 | €110,925 | €141,214 | +€30,289 | +27.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €110,925 | €141,214 | +€30,289 | +27.3% |
| Amounts payable | 17/49 | €503,687 | €458,108 | -€45,578 | -9.0% |
| Amounts payable after more than one year | 17 | €3,219 | €0 | -€3,219 | -100% |
| Financial debts | 170/4 | €3,219 | €0 | -€3,219 | -100% |
| Amounts payable within one year | 42/48 | €412,595 | €401,603 | -€10,992 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €12,466 | €3,219 | -€9,247 | -74.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €352,509 | €244,885 | -€107,624 | -30.5% |
| Suppliers | 440/4 | €352,509 | €244,885 | -€107,624 | -30.5% |
| Advances received on contracts in progress | 46 | - | €115,829 | +€115,829 | |
| Taxes, remuneration and social security | 45 | €35,570 | €24,390 | -€11,179 | -31.4% |
| Taxes | 450/3 | €32,748 | €19,106 | -€13,642 | -41.7% |
| Remuneration and social security | 454/9 | €2,821 | €5,285 | +€2,463 | +87.3% |
| Other amounts payable | 47/48 | €12,050 | €13,280 | +€1,230 | +10.2% |
| Accrued charges and deferred income | 492/3 | €87,873 | €56,505 | -€31,367 | -35.7% |
| Remuneration, social security and pensions | 62 | €43,024 | €41,587 | -€1,437 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,255 | €27,319 | +€15,064 | +123% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,255 | €0 | -€8,255 | -100% |
| Other operating charges | 640/8 | €7,458 | €7,449 | -€9 | -0.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €135,969 | €119,042 | -€16,927 | -12.4% |
| Operating profit (loss) | 9901 | €64,977 | €42,688 | -€22,289 | -34.3% |
| Financial income | 75/76B | €304 | €1,398 | +€1,094 | +361% |
| Recurring financial income | 75 | €304 | €1,398 | +€1,094 | +361% |
| Financial charges | 65/66B | €9,847 | €3,692 | -€6,156 | -62.5% |
| Recurring financial charges | 65 | €9,847 | €3,692 | -€6,156 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | €55,433 | €40,394 | -€15,039 | -27.1% |
| Income taxes | 67/77 | €15,529 | €10,105 | -€5,424 | -34.9% |
| Profit (loss) for the period | 9904 | €39,903 | €30,289 | -€9,615 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,903 | €30,289 | -€9,615 | -24.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.